US Saw Record Credit Card Debt From Inflation and Stimulus Spending
In the last three months of 2021, Americans swiped $52 billion in credit card debt, the fastest since the NY Fed started tracking.
Source: businessinsider.com
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Landlords Have More Gains Outside 'Superstar' Global Cities
Cosmopolitan cities are actually not the best locations for residential property investors. The returns are lower than averages, a report shows.
Source: businessinsider.com
US September inflation 'stable but stubbornly high'
Prices in the US rose 5.4% in September compared to a year ago, according to data released by the Bureau of Labor Statistics
Source: professionaladviser.com
American credit card balances see 'remarkable' drop while student loan debt keeps rising
Household debt balances increased by $85 billion in the first quarter of 2021 according to the New York Fed. While student loan balances continue to increase, credit card debt declined substantially.
Source: yahoo.com
Record deficit, AstraZeneca, Dimon's letter, cryptos pullback
Record deficit, AstraZeneca, Dimon’s letter, cryptos pullback April 7, 2021SharePrint US stocks edged higher after a record deficit showed that US consumer and business demand is heating up, prompting investors to continue to buying reopening stocks. Market moves across most asset classes has been somewhat limited ahead of the release of the Fed’s minutes. Many Fed watchers will look for any indication from policymakers that they are concerned the economy is likely to run too hot and drive up pricing pressures. The taper tantrum is a big fear for stock investors but these minutes wi...
Source: marketpulse.com